Law Digest

• Ministry of Human Resources and Social Security, Provisions for Personnel Cutbacks by Enterprises (Draft for Comments)

  人力资源社会保障部企业裁减人员规定 (征求意见稿）

  Issued: December 31 2014Main contents: The Draft specifies that if the number of persons whose employment contracts an enterprise is to terminate subsequent…

  January 29, 2015

• Ministry of Commerce, PRC Foreign Investment Law (Draft for Comments)

  商务部中华人民共和国外国投资法 (草案征求意见稿)

  Issued: January 19 2014 Main contents: Pursuant to the Draft, an enterprise in China controlled by a foreign investor is treated as a foreign investor,…

  January 21, 2015

• Other Recent Legislation in These Two Months

  Banking Measures for the Anti-money LaunderingOversight of Financial Institutions (Trial Implementation) 金融机构反洗钱监督管理办法 (试行)…

  January 16, 2015

• State Administration of Taxation, Measures for the Administration of Individual Income Tax on Income Derived from Equity Transfers (Trial Implementation)

  国家税务总局股权转让所得个人所得税管理办法（试行）

  SAT clarifies individual income tax levy on equity transfers.

  January 16, 2015

• China Council for the Promotion of International Trade and China Chamber of International Commerce, Arbitration Rules of the China Maritime Arbitration Commission (2014)

  中国国际贸易促进委员会、中国国际商会中国海事仲裁委员会仲裁规则 （2014版）

  CMAC allows the use of arbitration rules of another arbitration tribunal.

  January 16, 2015

• Standing Committee of the National People's Congress, Decision on Authorising the State Council to Provisionally Adjust the Administrative Examination and Approval Specified in Relevant Laws in the China (Guangdong) Pilot Free Trade Zone, China (Tianjin) Pilot Free Trade Zone, China (Fujian) Pilot Free Trade Zone and the Extended Area of the China (Shanghai) Pilot Free Trade Zone

  全国人民代表大会常务委员会关于授权国务院在中国（广东）自由贸易试验区、中国（天津）自由贸易试验区、中国（福建）自由贸易试验区以及中国（上海）自由贸易试验区扩展区域暂时调整有关法律规定的行政审批的决定

  China establishes three more free trade zones in Guangdong, Tianjin and Fujian.

  January 16, 2015

• State Council, PRC Regulations for the Administration of Foreign-invested Banks (2nd Revision)

  国务院中华人民共和国外资银行管理条例 (第二次修订)

  China lowers the market access thresholds for foreign-invested banks.

  January 16, 2015

• National Development and Reform Commission, Foreign Investment Industrial Guidance Catalogue (Amendment Draft)

  国家发展和改革委员会外商投资产业指导目录 (修订稿)

  Issued: November 4 2014 Main contents: The Catalogue places emphasis on promoting the opening of the manufacturing industry and service industry to…

  January 16, 2015

• China International Economic and Trade Arbitration Commission, Arbitration Rules (2015)

  中国国际经济贸易仲裁委员会仲裁规则 (2015版)

  CIETAC arbitration rules add special provisions on Hong Kong arbitration.

  January 16, 2015

• Securities Association of China, Measures for a Pilot Project for Bonds Privately Offered to Carry Out Mergers and Restructurings

  中国证券业协会并购重组私募债券试点办法

  Privately offered bonds are promoted to facilitate M&As.

  January 16, 2015